Platinum Q DAO Engineering team is developing USDQ, a new stablecoin on the block. Just like Tether (USDT), it’s pegged to USD. But it’s backed by Bitcoin and not fiat. And there will be more top 10 cryptocurrencies in the future. Thus, there’s no need to store reserves, do auditing and get exposed to potential problems in dealing with “legacy finance” intermediaries, i.e. banks, regulators and such. What I like most is that traders can just buy the stablecoin at exchanges, with nothing else to do. However, there’s a second level to this ecosystem. If you want to dig deeper, you can actually generate the coin at the platform by collateralizing your Bitcoin. You’ll be interacting with a fully automated system, called CDC (Collateralized Debt Contract), who’ll tell you the “collateralization proportion”.
플래티넘 Q DAO 엔지니어링 IT 지원 관리자 정은채 / 사진 제공=플래티넘 Q DAOQ DAO는 암호화폐 세상에 아직 널리 알려지지 않은 프로젝트들 중 하나로 USDQ, KRWQ, CNYQ, JPYQ 등 기존의 화폐 또는 실물자산과 연동시켜 가격 안정성을 보장하는 스테이블 코인을 뜻한다.
Haleel Risthisen is an active member of crypto community who has contributed extensively to emerging blockchain-based solutions. She currently works…
USDQ는 비트코인을 기반으로 한 스테이블 코인으로 기존 테더(USDT) 대비 좀 더 투명하며 탈중앙화된 스테이블 코인이다.
새로운 스테이블코인 USDQ는 4월 암호화폐 시장에 진입했다. 해당 운영 토큰은 컨설팅 프로모션, 기금모금 분야에서 인정받는 선두기업인 플래티넘 Q DAO에 의해 개발됐다. USDQ의 기본적인 장점들은 탈중앙화와 투명성이다. 코인은 거래자와 판매자에게 더 많은 옵션을 제공하도록 설계되었다.
Martin sees Q DAO, an ecosystem for USDQ, as a potential driver for tremendous growth. He’s convinced that the team’s plans to launch other stablecoins pegged to fiat currencies, such as JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ, will attract attention from wider trading community.
In this article, Jitendra Rathod talks about USDQ — a fully decentralized stablecoin that offers reliability and easy collateralization for Bitcoin. Working as a Marketing Manager at Platinum Q DAO Engineering, Jitendra collaborates within the huge team to develop hi-end solutions, including the full-cycle business models for crypto projects. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under Q DAO ecosystem. He is amazed by how easy it is to use USDQ in order to obtain a Bitcoin-collateralized loan. In this article, he talks in-depth about the ways USDQ makes finance easier for anybody anywhere anytime.
KRWQ and USDQ tokens are a stable asset that can be used to hedge against the high volatility that most cryptocurrencies experience. KRWQ and USDQ smart contracts are an important piece of the stable coin’s ecosystem. The function of issuing each token is governed by this computer code.
One of the most important functions of the USDQ smart contract is hosting auctions to quickly stabilize the price and value of the collateral locked for USDQ. This is a measure that takes place when the value of bitcoin and other cryptocurrencies goes down past a global target price defined by the Q DAO governance system.
PLATINUM ENGINEERING team announced the reveal of the smart contract to govern the independent one-of-a-kind decentralized stable asset USDQ. The stable coin USDQ token is fully backed and correctable by bitcoin and in the near future other top 10 cryptocurrencies serving as a fully functional asset pegged to the U.S. dollar in a 1:1 ratio. The full smart contract can be found on the official Ethereum network. The USDQ is an Ethereum token written according to the ERC-20 protocol, and since there is no central authority in charge of issuing the coin, it is considered as decentralized since opposed to other stable coin competitors around.